The logo of Dutch telecoms group KPN is seen in Haarlem May 31, 2012.(Paul Vreeker / United Photos/Reuters)

FINANCIAL TIMES

America Movil in a bind over KPN offer

LEX

— Financial Times

Published Friday, Aug. 09, 2013 2:50PM EDT

Last updated Sunday, Aug. 11, 2013 2:12PM EDT

Lex is a premium daily commentary service from the Financial Times. It helps readers make better investment decisions by highlighting key emerging risks and opportunities.

Not only is the cat among the pigeons, it is now trying to eat one of the birds. Carlos Slim’s America Movil has bid for the 70 per cent of Dutch telecoms operator KPN that it does not own, leaving KPN shareholders with two choices.